The World Bank has identified Nigeria’s poor statistical performance in comparison to Mexico, Colombia, South Africa, and Brazil. Recommendations were made for a substantial annual investment to enhance Nigeria’s statistical system, supported by assurances from government officials regarding the independence of the National Bureau of Statistics and increased funding.
The World Bank has raised concerns regarding the quality of Nigeria’s statistical data, indicating that the country lags behind similar developing nations such as Mexico, Colombia, South Africa, and Brazil. This observation was made during a meeting between a World Bank delegation and Nigeria’s Minister of Budget and Economic Planning, Senator Abubakar Bagudu. The delegation was led by Country Director Ndiame Diop and Practice Manager for West and Central Africa, Mr. Johan Mistiaen.
In his presentation titled “Next Level Statistics to Support Nigeria’s Reform and Growth Agenda,” Mr. Mistiaen emphasized that Nigeria’s statistical system is underperforming compared to its developmental counterparts. He recommended that an annual investment of $10 million to $15 million could substantially enhance Nigeria’s statistical performance, bringing it up to par with its aspirational peers.
Additionally, Mr. Mistiaen noted that the country’s statistical shortcomings are critical in achieving growth and reform goals. Bagudu responded affirmatively, assuring that the Nigerian government would uphold the independence of the National Bureau of Statistics (NBS) and commending its role in providing reliable data to international organizations without government interference.
Minister Bagudu expressed gratitude towards the World Bank for its ongoing financial and technical support, underscoring its importance for the NBS’s institutional strengthening. Prince Adeyemi Adeniran, the Statistician-General of the Federation and CEO of the NBS, echoed the sentiment for additional investment, stating it would significantly aid Nigeria’s development. He thanked the Federal Government for increasing the agency’s budget allocation to its highest level in a decade while advocating for sustained funding and stronger partnerships to achieve even better outcomes.
The World Bank’s concern over Nigeria’s statistical quality highlights significant gaps compared to peer nations. Recommendations for improved funding could lead to enhancements in the statistical infrastructure essential for effective governance and development. The commitment of the Nigerian government to maintain the independence of the NBS and secure increased budget allocations is crucial for fostering growth in this sector.
Original Source: punchng.com
